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The Curse of Socialism (Paperback) Loot Price: R252
Discovery Miles 2 520
The Curse of Socialism (Paperback): Guilford Lindsey Molesworth
The Curse of Socialism (Paperback): Guilford Lindsey Molesworth

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The Curse of Socialism (Paperback)

Guilford Lindsey Molesworth

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Loot Price R252 Discovery Miles 2 520

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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: TAXATION AND PAUPERISM Bastiat, the French Economist, thus discriminates between the good and bad economist: ? " Between a good and a bad economist this constitutes the whole difference?the one takes account of the visible effect; the other takes account both of the effects which are seen, and also of those which it is necessary to foresee. Now this difference is enormous, for it almost always happens that when the immediate consequence is favourable, the ultimate consequences are fatal, and the converse. Hence it follows that the bad economist pursues a small present good, which will be followed by a great evil to come; while the true economist pursues a great good to come, at the risk of a small present evil " (Essays on Political Economy, F. Bastiat, p. 48). It seldom occurs to the Socialist legislator to look beneath the surface or beyond the superficial aspect of any measure. So great an authority as Professor Foxwell has rightly said: ? " The incidence of taxation is one of the most difficult problems of political economy." Sidgwick, perhaps the most eminent modern economist, has pointed out that? " We can only partially succeed in making the burden either of direct or indirect taxes fall where we desire; the burden is liable to be transferred to other persons when it is intended to remainwhere it is first imposed " (Principles of Political Economy, H. Sidgwick, p. 567). This frustrates the great Socialist aim " to make the poor richer by making the rich poorer." But Socialists " rush in where angels fear to tread." It is a common saying of Socialist workers, " Pile it on the rates and taxes; it doesn't affect us "; but it does affect them vitally. Lecky said: ? " No truth of political economy is more certain than that a heavy taxation of c...


Imprint: General Books LLC
Country of origin: United States
Release date: February 2012
First published: February 2012
Authors: Guilford Lindsey Molesworth
Dimensions: 246 x 189 x 2mm (L x W x T)
Format: Paperback - Trade
Pages: 72
ISBN-13: 978-0-217-07773-6
Barcode: 9780217077736
Categories: Books
LSN: 0-217-07773-0

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